FL · Metro #111

Pensacola - FL housing market

The Pensacola metro has a typical home value of $310,470, up 0.7% from a year ago. Homes sell in 30 days on average - a balanced market. 26% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$310,470
+0.7% vs. year ago
Median sale price
$313,182
+2.4% YoY
Median list price
$369,600
Sale-to-list ratio
97.2%
Selling below ask
Days on market
30d
Listings w/ price cut
26.3%
New listings / mo
922
-3.4% YoY
Homes for sale
3,339
-10.7% YoY
Typical rent
$1,765/mo
+2.7% YoY
Context

How to read this data

The typical home value ($310,470) is the Zillow Home Value Index for the Pensacola - FL metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 0.7% over the past year. In Pensacola - FL, that means a home worth $308,312 last year is now worth roughly $310,470.

The median sale price , what homes actually close for , is $313,182. Homes are selling at 97.2% of list price, meaning buyers have room to negotiate.

Homes listed in Pensacola - FL sit on the market for roughly 30 days before going pending. Shorter = seller's market; longer = buyer's market.

About 26.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 922 new listings hit the market each month in Pensacola - FL. There are currently 3,339 homes for sale, down 10.7% from a year ago.

The typical monthly rent in Pensacola - FL is $1,765, up 2.7% year over year. For investors, the price-to-rent ratio here is roughly 15x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in FL

MetroHome value1-yr changeDays on market
Miami - FL$475,622 -2.9% 52.0d
Tampa - FL$360,738 -3.4% 34.0d
Orlando - FL$387,733 -3.1% 33.0d
Jacksonville - FL$352,994 -1.7% 43.0d
North Port - FL$403,601 -6.2% 50.0d
Cape Coral - FL$339,372 -7.3% 66.0d
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